During wartime, recessions, and now a pandemic, big and small firms have the incentive to create innovations that respond to the disaster.
Seeing where the rule of law is stronger can tell us why certain nations have more economic development and others sink under the weight of corruption.
When Chuck E. Cheese changed the kinds of payment cards that kids and their parents used for games and food, they created new spending incentives.
While the Air Quality Index (AQI) is a pollution yardstick, it also can signal if we are controlling the tragedy of the commons.
Because a fine is supposed to be a deterrent, six Israeli day-care centers were surprised when their late pickup fee had unintended consequences.
Approved by many of us, free tuition programs like the one at NYU Medical School create misdirected incentives that diminish their success.
While we know that overused resources can include the ocean, the air, and a pasture, we also should include beaches and seats.
Looking at who did not pay Aretha Franklin for "Respect," we can see why music copyright law is being rewritten by the Congress.
Now that music with words can accompany Olympic figure skating, there is less classical music, more hip-hop and Beyoncé, and some questions about intellectual property rights.












